Stanley Stock Could Be a Useful Tool

By

John Jannarone

Updated March 7, 2011 12:01 a.m. ET

Out with the new, in with the old.

At least that has been the preference among home buyers since the crisis. Builders overloaded with expensive land have refused to cut new-home prices to affordable levels. Partly as a result, home buyers have opted more for existing homes than in the past. New-home purchases account for just 6% of total sales currently, compared with a historical average of around 16%, says Dan Oppenheim of Credit...